Gain insight into the legal and regulatory implications clients entering into interest rate swaps.
This topic will assist loan counsel in understanding the legal and regulatory implications of their clients entering into interest rate swaps in order to hedge the interest rate risk associated with a credit facility. For such a hedge to work properly, it is crucial for loan documentation to include the appropriate swap terms, and for loan counsel to comprehend how swap and loan documentation work in tandem. This includes ensuring that any security instruments properly secure a borrower's swap obligations; the interest rate terms, including LIBOR fallback terms, match between the swap and the loan; the swap terminates on its own terms; and the parties are complying with Dodd-Frank regulatory requirements. Following this information, loan counsel will be able to identity swap-related pitfalls, and more efficiently draft loan documentation for hedged credit facilities.
Agenda
Faculty
Alexander Fraser
Michael Best & Friedrich LLP
Alec P. Fraser
- Partner in the Milwaukee office of Michael Best & Friedrich LLP
- Primary outside counsel to national, regional community banks on interest rate swaps, foreign exchange, commodities and other derivatives product lines, including documentation for customer transactions and Dodd-Frank Act compliance
- Practice also includes all aspects of commercial lending, corporate finance and mergers and acquisitions
- Conducts regular seminars and workshops on derivatives and loan documentation, compliance with derivatives regulations, and the LIBOR phase-out
- Written several publications related to the areas of derivatives, commercial lending, and benchmark reform
- Member of the Wisconsin and New York bars
- J.D. degree, NYU School of Law; B.S. and M.B.A. degrees, University of Wisconsin
- Can be contacted at 414-347-4757 or [email protected]
Cheryl L. Isaac
Michael Best Friedrich LLP
- Senior counsel in the Washington, DC office of Michael Best Friedrich LLP
- Represents clients in a variety of complex financial transactions, including interest rate swaps and other derivatives products, venture debt finance, commercial lending, cryptocurrencies, and digital asset offerings; advises on the impact of the LIBOR transition on each of these types of financing transactions
- Drafts and negotiates ISDA documentation (including the ISDA Master Agreement, Schedule, Credit Support Annex, and related documents) for interest rate, foreign exchange, and commodities derivatives, and advises clients on compliance with Title VII of the Dodd-Frank Act and related rules and guidance issued by the Commodity Futures Trading Commission (CFTC) and other federal regulators
- Represents both borrowers and lenders in various lending transactions, focusing on traditional bank loans as well as customized debt finance solutions for start-up and early growth companies
- Author of several publications related to the areas of derivatives, the LIBOR transition, and cryptocurrencies
- Member of the New York, Connecticut, and Washington, D.C. bars
- LL.M. degree, Georgetown University Law Center; J.D. degree, Boston College Law School; B.A. degree, University of Pennsylvania
- Can be contacted at [email protected] or 202-595-7934
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
